Cash flow MediaTek Inc.

Equities

2454

TW0002454006

Semiconductors

End-of-day quote Taiwan S.E. Other stock markets 16/09/2024			5-day change	1st Jan Change
1,130.00 ^TWD	+0.44%		0.00%	+11.33%

11/09	MediaTek's Sales Drop 9% in August	MT
10/09	Four steps back, one step forward

16.QVRdPmi0xRNR3SDHSIRWAC00fMdf5ZXGLuYdrRFVhUk.cicHcD3TrkAJ5XaSDesgZ3hGKYIskPmlQIl55n0nzAYQMRF1N9jwJzWPeQ

Published financial data: MEDIATEK INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	246B	322B	493B	549B	433B
Total Revenues	246B	322B	493B	549B	433B
Cost of Goods Sold, Total	143B	181B	262B	278B	226B
Gross Profit	103B	142B	232B	271B	207B
Selling General & Admin Expenses, Total	17.49B	20.98B	27.48B	27.24B	24.13B
Provision for Bad Debts	-15.73M	8.09M	466K	446K	55.67M
R&D Expenses	63B	77.32B	96.08B	117B	111B
Other Operating Expenses, Total	80.48B	98.32B	124B	144B	136B
Operating Income	22.57B	43.22B	108B	127B	71.8B
Interest Expense, Total	-1.63B	-595M	-193M	-371M	-399M
Interest And Investment Income	4.59B	3.9B	7.43B	5.12B	13.5B
Net Interest Expenses	2.96B	3.31B	7.24B	4.75B	13.1B
Income (Loss) On Equity Invest.	-72.62M	351M	978M	1.38B	278M
Currency Exchange Gains (Loss)	193M	-58.47M	306M	-716M	-472M
Other Non Operating Income (Expenses)	667M	761M	923M	2.69B	2.11B
EBT, Excl. Unusual Items	26.31B	47.58B	117B	135B	86.82B
Gain (Loss) On Sale Of Investments	-62.22M	11.2M	949M	698M	-17.08M
Gain (Loss) On Sale Of Assets	776M	-11.36M	8.42B	-30.85M	-15.67M
EBT, Incl. Unusual Items	27.03B	47.58B	127B	136B	86.78B
Income Tax Expense	3.82B	6.14B	14.98B	16.94B	9.59B
Earnings From Continuing Operations	23.2B	41.44B	112B	119B	77.19B
Net Income to Company	23.2B	41.44B	112B	119B	77.19B
Minority Interest	-172M	-522M	-451M	-484M	-212M
Net Income - (IS)	23.03B	40.92B	111B	118B	76.98B
Net Income to Common Incl Extra Items	23.03B	40.92B	111B	118B	76.98B
Net Income to Common Excl. Extra Items	23.03B	40.92B	111B	118B	76.98B
Per Share Items
Net EPS - Basic	14.69	26.01	70.56	74.59	48.51
Basic EPS - Continuing Operations	14.69	26.01	70.56	74.59	48.51
Basic Weighted Average Shares Outstanding	1.57B	1.57B	1.58B	1.58B	1.59B
Net EPS - Diluted	14.57	25.84	70.22	74.23	48.34
Diluted EPS - Continuing Operations	14.57	25.84	70.22	74.23	48.34
Diluted Weighted Average Shares Outstanding	1.58B	1.58B	1.59B	1.59B	1.59B
Normalized Basic EPS	10.38	18.57	46.22	52.93	34.06
Normalized Diluted EPS	10.3	18.45	45.99	52.67	33.94
Dividend Per Share	10.5	37	73	76	55.01
Payout Ratio	61.49	40.54	52.58	98.31	157.16
Supplemental Items
EBITDA	30.26B	52.33B	118B	141B	88.67B
EBITA	26.47B	48.31B	113B	132B	78.62B
EBIT	22.57B	43.22B	108B	127B	71.8B
EBITDAR	30.42B	52.44B	118B	141B	88.77B
Effective Tax Rate - (Ratio)	14.15	12.91	11.81	12.49	11.05
Total Current Taxes	2.9B	6.62B	14.6B	17.7B	13.54B
Total Deferred Taxes	842M	-560M	-48.57M	-1.18B	-3.57B
Normalized Net Income	16.27B	29.22B	72.98B	83.83B	54.05B
Interest on Long-Term Debt	54.3M	57.17M	59.94M	86.13M	70.14M
Non-Cash Pension Expense	12.46M	7.57M	31.21M	6.55M	10.22M
Supplemental Operating Expense Items
Selling and Marketing Expenses	10.95B	13.64B	17.2B	14.24B	14.42B
General and Administrative Expenses	6.54B	7.34B	10.29B	13B	9.7B
Research And Development Expense From Footnotes	63B	77.32B	96.08B	117B	111B
Net Rental Expense, Total	161M	109M	161M	89.32M	95.19M
Imputed Operating Lease Interest Expense	37.5M	12.31M	6.2M	7.75M	24.6M
Imputed Operating Lease Depreciation	123M	97.16M	155M	81.57M	70.6M
Stock-Based Comp., Other (Total)	2.02B	1.28B	1.76B	4.17B	1.9B
Total Stock-Based Compensation	2.02B	1.28B	1.76B	4.17B	1.9B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	178B	197B	184B	148B	165B
Short Term Investments	25.62B	13.51B	21.05B	17.23B	15.26B
Trading Asset Securities, Total	4.62M	9.58M	11.22M	75.35M	20.59M
Total Cash And Short Term Investments	203B	210B	205B	165B	181B
Accounts Receivable, Total	30.27B	36.79B	63.63B	44.4B	57.08B
Other Receivables	3.43B	4.79B	2.1B	12.4B	3.78B
Total Receivables	33.7B	41.59B	65.73B	56.8B	60.86B
Inventory	27.62B	37.68B	73.27B	70.7B	43.22B
Prepaid Expenses	1.36B	1.22B	1.61B	4B	5.07B
Other Current Assets, Total	875M	1.28B	1.49B	1.34B	1.06B
Total Current Assets	267B	292B	347B	298B	291B
Gross Property Plant And Equipment	60.68B	63.35B	77.99B	96.4B	104B
Accumulated Depreciation	-18.83B	-21.37B	-25.33B	-33.5B	-42.15B
Net Property Plant And Equipment	41.85B	41.98B	52.66B	62.89B	61.99B
Long-term Investments	72.96B	117B	128B	123B	150B
Goodwill	65.45B	65.36B	65.34B	66.04B	66.04B
Other Intangibles, Total	5.47B	10.91B	8.18B	7.41B	15.2B
Accounts Receivable Long-Term	-	131M	1.46B	1.46B	728M
Deferred Tax Assets Long-Term	4.77B	5.68B	8.41B	11.51B	14.66B
Other Long-Term Assets, Total	1.48B	1.45B	49.98B	38.26B	35.87B
Total Assets	459B	534B	661B	608B	635B
Liabilities
Accounts Payable, Total	22.31B	34.47B	43.5B	21.52B	38.78B
Accrued Expenses, Total	20.44B	27.48B	39.86B	41.29B	37.45B
Short-term Borrowings	57.25B	21.47B	51.27B	3.7B	2.2B
Current Portion of Long-Term Debt	36.85M	-	-	-	-
Current Portion of Leases	499M	483M	501M	796M	837M
Current Income Taxes Payable	1.72B	4.77B	11.53B	12.02B	15.01B
Unearned Revenue Current, Total	2.69B	11.69B	6.37B	4.9B	3.38B
Other Current Liabilities	26.13B	43.43B	58.08B	57.35B	134B
Total Current Liabilities	131B	144B	211B	142B	232B
Long-Term Debt	166M	-	828M	-	-
Long-Term Leases	2.36B	2.36B	2.99B	8.31B	8.06B
Pension & Other Post Retirement Benefits	869M	910M	856M	762M	621M
Deferred Tax Liability Non Current	6.81B	5.97B	8.32B	11.58B	8.45B
Other Non Current Liabilities	3B	5.78B	3.13B	3.12B	11.7B
Total Liabilities	144B	159B	227B	165B	261B
Common Stock, Total	15.9B	15.9B	15.99B	15.99B	16B
Additional Paid In Capital	82.39B	76.75B	59.78B	47.19B	28.35B
Retained Earnings	169B	218B	303B	349B	288B
Treasury Stock	-55.97M	-55.97M	-55.97M	-55.97M	-55.97M
Comprehensive Income and Other	45.28B	61.61B	53.66B	28.24B	35.46B
Total Common Equity	313B	372B	432B	440B	368B
Minority Interest	1.65B	3.25B	1.63B	2.95B	6B
Total Equity	314B	375B	434B	443B	374B
Total Liabilities And Equity	459B	534B	661B	608B	635B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.58B	1.58B	1.59B	1.59B	1.59B
ECS Total Common Shares Outstanding	1.58B	1.58B	1.59B	1.59B	1.59B
Book Value / Share	197.71	235	271.53	276.51	231.31
Tangible Book Value	242B	296B	358B	367B	287B
Tangible Book Value Per Share	152.88	186.8	225.32	230.36	180.27
Total Debt	60.32B	24.32B	55.59B	12.8B	11.1B
Net Debt	-143B	-186B	-149B	-152B	-170B
Debt Equivalent of Unfunded Proj. Benefit Obligation	869M	910M	856M	746M	595M
Debt Equivalent Oper. Leases	1.29B	876M	1.29B	715M	762M
Minority Interest, Total (Incl. Fin. Div)	1.65B	3.25B	1.63B	2.95B	6B
Equity Method Investments, Total	13.62B	50.67B	60.29B	17.8B	17.15B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	1.94B	2.98B	4.28B	1.66B	2.26B
Inventories - Work In Process, Total	17.25B	24.77B	43.36B	47.14B	27.82B
Inventories - Finished Goods, Total	8.42B	9.94B	25.63B	21.91B	13.14B
Land - (BS)	5.6B	5.48B	8.39B	9.07B	9.61B
Buildings, Total	29.84B	29.54B	30.29B	32.54B	33.11B
Machinery, Total	21.18B	24.13B	34.6B	45.2B	52.05B
Full Time Employees	17.45K	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	91.27M	43.32M	42.65M	1.64M	57.93M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	23.03B	40.92B	111B	118B	76.98B
Depreciation & Amortization - CF	4.26B	4.57B	5.54B	9.28B	11B
Amortization of Goodwill and Intangible Assets - (CF)	3.91B	5.09B	4.82B	5.4B	6.82B
Depreciation & Amortization, Total	8.17B	9.66B	10.36B	14.69B	17.82B
Amortization of Deferred Charges, Total - (CF)	221M	244M	257M	294M	377M
(Gain) Loss From Sale Of Asset	-776M	11.36M	4.66M	18.38M	15.67M
(Gain) Loss on Sale of Investments - (CF)	-218M	-319M	-9.1B	-769M	47.72M
Asset Writedown & Restructuring Costs	46.1M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	72.62M	-351M	-978M	-1.38B	-278M
Stock-Based Compensation (CF)	2.02B	1.28B	1.76B	4.17B	1.9B
Provision and Write-off of Bad Debts	-15.73M	8.09M	466K	446K	55.67M
Other Operating Activities, Total	172M	4.16B	8.85B	-786M	-3.87B
Change in Trading Asset Securities	-4B	386M	-2.53B	455M	5.23B
Change In Accounts Receivable	1.97B	-9.62B	-26.42B	19.94B	-14.31B
Change In Inventories	3.39B	-12.38B	-36.96B	2.29B	27.4B
Change In Accounts Payable	7.76B	13.27B	9.69B	-22.06B	17.26B
Change in Unearned Revenues	1.18B	9.2B	-5.26B	-1.47B	-1.52B
Change in Other Net Operating Assets	-419M	23.11B	-14B	11.05B	38.98B
Cash from Operations	42.61B	79.56B	47.09B	145B	166B
Capital Expenditure	-5.62B	-5B	-16.99B	-13.62B	-9.32B
Sale of Property, Plant, and Equipment	16.59M	4.14M	13.24M	6.43M	7.98M
Cash Acquisitions	-	-	-	-977M	-
Divestitures	-	535M	4.1B	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-3.15M	-
Sale (Purchase) of Intangible assets	-2.33B	-5.24B	-5B	-5.29B	-7.5B
Investment in Marketable and Equity Securities, Total	10.8B	3.15B	-1.93B	-19.67B	-12.04B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	17.89M	-224M	-9.12B	2.02B	115M
Cash from Investing	2.88B	-6.77B	-28.92B	-37.53B	-28.75B
Short Term Debt Issued, Total	6.69B	-	29.95B	-	-
Long-Term Debt Issued, Total	-	-	1.39B	-	-
Total Debt Issued	6.69B	-	31.33B	-	-
Short Term Debt Repaid, Total	-	-35.51B	-	-48.02B	-1.5B
Long-Term Debt Repaid, Total	-502M	-523M	-608M	-1.16B	-1.65B
Total Debt Repaid	-502M	-36.04B	-608M	-49.18B	-3.15B
Issuance of Common Stock	167M	570M	108M	67.93M	79.48M
Repurchase of Common Stock	-	-53.6M	-	-	-
Common Dividends Paid	-14.16B	-16.59B	-58.58B	-116B	-121B
Common & Preferred Stock Dividends Paid	-14.16B	-16.59B	-58.58B	-116B	-121B
Other Financing Activities, Total	-611M	2.89B	-201M	8.97B	5.48B
Cash from Financing	-8.42B	-49.22B	-27.95B	-156B	-119B
Foreign Exchange Rate Adjustments	-2.7B	-4.53B	-3.09B	13.03B	-883M
Net Change in Cash	34.37B	19.03B	-12.88B	-36.2B	17.89B
Supplemental Items
Cash Interest Paid	1.61B	637M	191M	368M	450M
Cash Income Tax Paid (Refund)	3.07B	3.5B	7.87B	18.5B	13.1B
Levered Free Cash Flow	25.17B	57.93B	34.94B	66.25B	163B
Unlevered Free Cash Flow	26.19B	58.3B	35.06B	66.48B	163B
Change In Net Working Capital	-9.63B	-30.34B	22.86B	13.01B	-115B
Net Debt Issued / Repaid	6.19B	-36.04B	30.73B	-49.18B	-3.15B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.27	5.44	11.3	12.49	7.22
Return on Total Capital	4.03	6.98	15.2	16.77	10.66
Return On Equity %	7.88	12.02	27.67	27.06	18.89
Return on Common Equity	7.86	11.95	27.72	27.09	19.05
Margin Analysis
Gross Profit Margin %	41.85	43.94	46.94	49.36	47.84
SG&A Margin	7.1	6.51	5.57	4.96	5.57
EBITDA Margin %	12.29	16.25	23.87	25.63	20.46
EBITA Margin %	10.75	15	22.87	24.09	18.14
EBIT Margin %	9.17	13.42	21.9	23.1	16.56
Income From Continuing Operations Margin %	9.42	12.86	22.67	21.62	17.81
Net Income Margin %